General-purpose financial statements include the (1) income statement, (2) balance sheet, (3) statement of stockholders' equity (or statement of retained earnings), (4) statement of cash flows, and (5) notes to these statements.

Question

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The five general-purpose financial statements are the income statement, balance sheet, statement of stockholders' equity, statement of cash flows, and notes to financial statements.

General-Purpose Financial Statements Include the (1) Income Statement, (2) Balance